The objective of IFRS 9 Financial Instruments is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows.
Key learning objectives:
What is the objective of IFRS 9, and what does it cover?
How are financial assets/liabilities measured and classified?
What are the three approaches to applying the IFRS 9 expected credit loss model?
What are the three types of hedges in IFRS 9?